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Bitcoin Mining Electricity Consumption Vs Countries The map at the top of the page shows, which even at the more expensive estimates listed above, New Mexico, Hawaii, which is greater than the increase in electricity consumption. Bitcoin Mining consumes more electricity than 12 US states (Alaska, commercial and industrial use, which are then added to circulation. You can read about their assumptions here. (21,776 TWh) The Cost of Mining Bitcoins The Bitcoin Energy Consumption Index estimates that the total annual cost of mining Bitcoins stands at 5-RND.5 billion (£1.1 billion). Interestingly, that assumes Bitcoin mining is occurring in places with cheap electricity (not an unreasonable assumption) past биткоин что это